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Financial advisors rely on accurate measures of investor risk preferences. This study compares different risk elicitation methods (REMs) in terms of their perceived suitability and impact on financial advice taking. The results suggest that the perceived suitability of the suggested risk profile strongly predicts delegation to an advisory tool. REMs differ in terms of their perceived process similarity ...
In:
Journal of Behavioral Finance
24 (2023), 3, 259-275
| David J. Streich
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This dissertation examines the following research question: How do individuals perceive gender wealth inequalities within the family? In the three empirical studies, I tackle this question from two perspectives. On the one hand, the first study examines personal perceptions of inequality by analyzing with observational data how changes in the actual distribution of wealth within couples is related ...
2021,
| Daria Tisch
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Consumption spillovers are difficult to estimate. Many tests in the literature argue that spillovers cause positive correlations between individual consumption levels and aggregate income quantiles. This paper develops simulation-based procedures for evaluating reduced-form tests for consumption spillovers. I find that the correlation found in prior tests may be spurious, arising from the mechanical ...
2021,
| Han Wang
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For people living in the former East Germany, reunification with the former West Germany fundamentally transformed the sociopolitical system and most domains of everyday life. Previous research has revealed temporal shifts in average life satisfaction after reunification in the former East German population as a whole, but so far little is known about heterogeneity in patterns of adjustment within ...
In:
Social Indicators Research
159 (2022), 3, 1103-1123
| Martin Wetzel, Jonathan Wörn, Bettina Hünteler, Karsten Hank
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This thesis consists of three independent articles. In the first chapter, I test whether tipping points can explain observed workplace segregation between immigrants and natives in Germany over the period 1990-2010. I reject the hypothesis of tipping dynamics. Furthermore, I show that traditional tests of tipping points based on Regression Discontinuity Designs tend to over-reject the null hypothesis ...
2020,
| Sébastien Willis
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Due to the pandemic-induced economic crisis, self-employed individuals are currently suffering considerable income losses. The self-employed and the members in their households usually form an economic unit. As a consequence, the income cuts not only affect the self-employed themselves but also the rest of their household. We used the German Socio-Economic Panel (SOEP) to calculate how much income ...
In:
Review of Economics of the Household
21 (2023), 1, 37-57
| Stefan Schneck
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Numerous countries require teachers to assign comportment grades rating students’ social and work behavior in the classroom. However, the impact of such policies on student outcomes remains unknown. We exploit the staggered introduction of comportment grading across German federal states to estimate its causal effect on students’ school-to-work transitions as well as cognitive and non-cognitive abilities. ...
Munich:
CESifo,
2021,
(CESifo Working Paper No. 9275)
| Florian Schoner, Lukas Mergele, Larissa Zierow
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Purpose: This study investigates the relationship between emotional exhaustion and entrepreneurial exit, particularly how this relationship might be invigorated by two critical psychological factors, namely cognitive well-being (CWB) and affective well-being (AWB). Design/methodology/approach: Binary logistic regression analysis was employed on a longitudinal data set of 997 self-employed individuals ...
In:
Journal of Small Business and Enterprise Development
29 (2022), 2, 203-220
| Subhan Shahid, Yasir Mansoor Kundi
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Prior work suggests that parenting daughters makes the preferences of men more in line with those of women. We use behavior in a Dictator game as a measure of pure social preferences, to test whether parenting daughters increases prosociality, specifically charitable giving. Data is sourced from the German Socio-Economic Panel, where 1,461 participants decided how to split a 50€ endowment between themselves ...
In:
Social Psychology
53 (2022), 6, 383-389
| Johannes Leder, Paweł Niszczota
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Background: During the COVID-19 pandemic, hygiene behaviors such as keeping distance, avoid-ing masses, wearing face masks and adhering to hand hygiene recommendations became impera-tive. The current study aims to determine factors interrelating with hygiene behaviors. Methods: 4,049 individuals (1,305 male, 2,709 female, aged 18-80 years) were recruited from rehabilitation clinics or freely on the ...
2021,
(Preprints.org Preprint)
| Sonia Lippke, Franziska M. Keller, Christina Derksen, Lukas Kötting, Alina Dahmen